3-15: Navigating Through A Tough Economy

Welcome to The Business of Business: Two Daughters & Their Dad where we talk about all things entrepreneurial.You made it through Covid and found your rhythm.  Now, the economy is rough.  Supply chain issues continue, gas prices are soaring and your customers are deciding if your products and services are a necessity or a luxury.Jennifer, Jack and Staci talk about ways to navigate through this new period of time.  Jack reminds us of the business cycle of prosperity, recession, prosperity, recession repeating again and again and the need to always be prepared for what’s around the corner.Jennifer and Staci discuss the importance of reminding your customer of the benefits of doing business with you while thanking them for choosing to patronize your business.Nuggets for fellow entrepreneurs include:- It’s important to take your time with people and listen to them- There is always a downturn coming so always be prepared for it- Use the creativity your learned at the beginning of the pandemic- My job as a leader is to set pricing so that my employees can afford to liveEmail us at:  [email protected] download our Best of Nuggets eBook here.Like and follow us on Facebook Jennifer Faith Dempsey has been in the beauty industry for over 10 years. For the last 5m years, she has owned J. Faith Hair Studio. She brings her experience on how she balances entrepreneurship and motherhood. Staci Joy Dempsey is an insurance agent, a mom, and a busy non-Flying High Agility & Dog TrainingHelping people & their pets since 2003. We come to you!J. Faith Hair StudioLocated in south NJ, J Faith Hair Studio is the place to go to become the best version of yourself.Dempsey, Weiss & AssociatesMeeting the insurance and financial needs of business owners & individuals in NJ & PA since 1989.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Email us at: [email protected] Please download our Best of Nuggets eBook here. Like and follow us on FacebookJennifer Faith Dempsey has been in the beauty industry for over 10 years. For the last 5m years, she has owned J. Faith Hair Studio. She brings her experience on how she balances entrepreneurship and motherhood. Check out Jen’s blog.Staci Joy Dempsey is an insurance agent, a mom, and a busy non-profit volunteer. She truly understands what it means to be an entrepreneur. Staci serves as the podcast's host.Jack Dempsey is the dad who heads up this busy family. He is a founding partner in Dempsey, Weiss & Associates, an Elmer, NJ-based insurance and investment firm that began more than 30 years ago.